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Implementation of new projects rise by 8.4%, stalled projects decline

News:

  • CMIE has reported a 8.4% rise in projects under implementation in the quarter ended June 30, the fastest since the September 2012 quarter.
  • Private sector projects under implementation have risen by 0.8% in the June quarter.
  • Since March 2014, projects worth about 2% of GDP have been unstalled. Progressing steadily, they have now reached a critical mass and can potentially start impacting domestic activity notably.
  • Investment worth Rs 1.15 lakh crore were announced during the June quarter, a 33% rise from last year.
  • The first quarter of fiscal 2015-16 saw around 165 projects getting scrapped, which is up from 106 projects stalled in June 2014 quarter.

    Source: ET 

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